The Dogecoin community is optimistic about the potential use of DOGE for payments in services such as Twitter’s subscription services. Memecoin has seen tremendous growth in recent days following Musk’s official takeover of Twitter.
In a ripple effect, the entire crypto-currency market experienced a rally last week. Elon Musk has always been a big supporter of the DOGE project and has been trying to integrate memecoin into Tesla payments. In May this year, the Tesla CEO said that customers would now be able to purchase Tesla products with dogecoin.
Twitter subscription through DOGE-based payments?
The microblogging site has been criticized for the rampant presence of trolls and bots, which Musk is trying to eradicate. Reports have suggested that Musk is considering charging $20 a month for the blue check mark on Twitter. However, it seems that few people are willing to pay for the blue verification mark. In this context, Walter Isaacson, an American author, said that introducing a paid subscription on Twitter could solve many problems.
Not a content moderation problem
“Once you get to user verification and a large amount of users are paying some subscription fee you have fewer trolls, much fewer bots and a content flow that is a little big more civil and reliable,” says @WalterIsaacson on @ElonMusk running @Twitter pic.twitter.com/3VYvthL3oS
– Squawk Box (@SquawkCNBC) October 31, 2022
According to him, this measure could lead to a decrease in the number of bots and trolls on the social media platform. Speaking to CNBCthe author said that Twitter could become a more civil and trustworthy platform. According to Isaacson, Musk’s biggest problem is not content moderation, but the business model. It’s how to get a business model that actually works on Twitter, he said. In recent months, Elon Musk has emphasized the need to solve Twitter’s content moderation problem, with a focus on Twitter bots. The author recalled that Musk has previously talked about ways to have subscription revenue for Twitter.
“Once you get to user verification and a lot of users pay a certain amount of subscription, you have fewer trolls, a lot fewer bots, and a content stream that’s a little more civil and reliable.”